CEFC, a private conglomerate with interests in energy and financial services, will take a 14.16 per cent stake in Rosneft after agreeing to buy shares held by Switzerland’s Glencore and the Qatar Investment Authority in an offshore vehicle.
The Rosneft deal in effect restructures a €10.2bn purchase of shares by Qatar and mining group Glencore in December 2016, and will see CEFC, which has grown rapidly in recent years through acquisitions, become Rosneft’s third-largest shareholder. The Russian state holds a controlling 50 per cent stake, while BP, the UK oil company, owns 19.75 per cent.
According to the agreement with Administration of Eiz Eldeen Saleem Sub-District LUKOIL implemented the first social project for this year, which was the Food Boxes Project.read more
The team of young employees of LUKOIL Uzbekistan Operating Company under the name of “Gorod Khlebniy” (“The City of Grain”) successfully performed at the “KVN Cup” humor contest held among the oil and gas producing entities of LUKOIL Group and bore away the highest award.read more